AAA Pelican Imaging eats up $20m

Pelican Imaging eats up $20m

Pelican Imaging, a US-based start-up in smartphone imaging, has raised $20m in its series C round from a consortium including chip company Qualcomm and phone maker Nokia’s corporate venturing units.

Alongside Qualcomm Ventures and Nokia Growth Partners, both new investors in Pelican, in the round were venture capital firms Globespan Capital Partners, Granite Ventures, InterWest Partners and IQT.

Pelican Imaging was previously backed by the US government’s quasi-corporate venturing unit, In-Q-Tel (IQT).

In October 2010, Pelican raised $10m in its B round from Globespan Capital Partners, Granite Ventures, InterWest Partners and IQT. A $7m A round July 2009 and undisclosed amount from IQT had been its previous funding.

Bo Ilsoe, managing partner of Nokia Growth Partners, said: “Pelican Imaging’s computational camera solutions are at the cutting edge of mobile camera technologies.”

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